How stocks of wealth management firms are holding up this year
Raymond James Financial Inc. (RJF)
“Advisor retention and recruiting remained solid across our multiple affiliation options, however, client assets decreased compared to the preceding month driven by declines in the equity markets,” Raymond James chair and CEO Paul Reilly said this week in a statement. Raymond James reported $1.2 trillion in client assets at the end of February, about $20 billion, or 1.7%, less than at the end of January.